Lithium shines amid EV boom

Lithium shines amid EV boom

Date: December 5, 2019

BY ANTHONY FENSOM

Australia’s lithium miners are eyeing a brighter outlook amid projections of a looming supply deficit and continued escalation of demand from the electric vehicle revolution. And with government support for downstream processing and manufacturing, the industry appears set for further growth despite recent volatility.

Miners’ quiet confidence comes after recent production cuts in response to sagging prices, following a ramp-up in supply. In October, Galaxy Resources joined the list of producers scaling back production, flagging a 40 per cent cut in output at its Western Australian lithium mine in 2020. The move followed Pilbara

Related Stories

The electric vehicle exuberance has been gaining traction in recent years. Governments are setting ever more aggressive targets on internal combustion engine bans, while automakers have been jockeying to outdo each other…